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In recent times, Ethereum has witnessed a remarkable surge, surpassing key resistance levels like $2.8K and breaking through the significant milestone of $3K. This upward momentum indicates a prevailing bullish sentiment in the market, with investors setting their sights on the crucial yearly swing high of $3.6K as the next target. Upon closer examination of
Recent large Ethereum purchases attributed to a wallet potentially linked to Justin Sun, founder of the TRON blockchain and CEO of BitTorrent, have sparked speculation within the cryptocurrency community. According to blockchain analytics firm Lookonchain, the suspected wallet acquired an additional 13,780 ETH, valued at approximately $41.24 million. This purchase adds to a total of
The outflows from Grayscale’s Bitcoin Trust (GBTC) appear to be decreasing, as indicated by the trading behavior of Bitcoin ETFs. This shift comes at a time when investor concerns regarding Grayscale’s Spot ETF seem to be diminishing, with the entire ETF sector continuously attracting substantial trading volumes and experiencing rapid growth in assets under management.
As the cryptocurrency market experiences fluctuations, Helium has seen a significant -5.3% price drop in the past 24 hours. This comes at a time when the broader DEPIN market is booming, with HNT price having climbed +227% over the last 3 months. Currently trading at $8.18, Helium has experienced a 24-hour change of -2.34%, indicating
The recent surge in Bitcoin’s price, reaching over $50,000 from under $20,000 since June 2023, has been attributed to the approval of several spot Bitcoin ETFs in the United States. While institutional investors have shown interest and made significant purchases, retail traders have been notably absent from the market. This absence raises the question of
Binance, one of the leading cryptocurrency exchanges, recently reached a $4.3 billion settlement deal after being accused of violating anti-money laundering and sanctions laws. The guilty plea from the exchange, as well as its founder Changpeng Zhao, also known as CZ, marks a significant development in the case. The U.S. Department of Justice had been
The lawsuit between Ripple and the United States Securities and Exchange Commission has been a hot topic in the cryptocurrency industry for several years now. It all started in December 2020 when the SEC accused Ripple of conducting an unregistered securities offering by selling XRP tokens worth over $1.3 billion. Ripple, on the other hand,